CORN VALUE 271 



Dui'ing the year 1914, over sixty per cent of the corn received in 

 Chicago was shipped out again.- Mr. J. C. F. Merrill of the Chicago 

 Board of Trade states that the Corn Products Refining Company alone 

 uses approximately 100,000 bushels of corn daily, besides other large 

 milling concerns use enormous quantities. 



In 1914 the principal markets including Chicago, Milwaukee, 

 Minneapolis, Duluth, St. Louis, Toledo, Detroit, Kansas City, Peoria, 

 Omaha, Cincinnati and Indianapolis, received 244,383,000 bushels of 

 corn and shipped out 161,450,000 bushels. Most of the corn reshipped 

 from the above markets was of course used in other cities, and the 

 balance exported. 



Corn Values. The following table exhibits the highest and lowest 

 prices for Contract Corn (Spot) at Chicago during each month. 



TABLE NO. 62* 



SHOWING HIGHEST AND LOWEST PRICES FOR CORN 



1905 to 1914 inclusive. (Ten-year average.) 



Price per bushel 

 Lowest Highest 



January 51.9 55.3 



February 52.4 55.3 



March 53.5 58.2 



April 56.0 61.1 



May 59.2 66.2 



June 60.2 64.9 



■July 61.0 67.1 



August 1 63.7 69.9 



September 62.8 69.0 



October 58.9 65.4 



November 56.9 63.0 



December 54.0 60.S 



Entire Year 57.5 631) 



Between the highest and lowest average annual prices for the past 

 decade there was a range of 5.5 cents per bushel. From May until 

 October inclusive we find prices above the average, and November to 

 April shows the prices below the average. During the ten years the 

 August prices were the highest. 



Taking an average of the thirty-five years previous to the past 

 decade we find practically the same range between the highest and 

 lowest average prices. (5.8 cents.) For the same period the market of 

 August, September and October was the highest. 



♦Annual Report of Chicago Board of Trade. 



